We have received many questions from readers regarding the trading of Altcoins and specifically how to trade Altcoins for Bitcoins. Our best suggestion here is an exchange called Changelly.
What is Changelly?
Changelly is an instant cryptocurrency exchange providing instant crypto-to-crypto rates and exchange platform.
How does Changelly work?
Changelly’s robot is integrated into the largest cryptocurrency trading platforms, including Poloniex and Bittrex. In the span of milliseconds, the robot makes bids and asks on the trading platforms, then selects and suggests the best available rate and displays the estimated rate on our site. The rates remain approximate until the transaction is actually made on the blockchain. The exchange rate at the time of a transaction may differ slightly from the estimated rate that you see when you begin a transaction.
Changelly is a popular cryptocurrency exchange providing the ability to instantly and seamlessly exchange over 90 altcoins at the best market rate or buy them using a bank card.
Operating since 2015, Changelly has attracted over 1.5M registered users from around the world. Currently, the service processes more than 15K transactions daily with a monthly turnover of around 60K BTC.
Changelly offers its API and a customizable payment widget for any crypto service that wishes to increase its turnover.
Changelly is a partner with Mycelium, Jaxx, Coinmarketcap, Coinpayments, Uquid debit card, Coinomi, and other prominent companies.
Payment Methods Accepted
Changelly accepts payments in nearly any cryptocurrency and it will allow you to buy coins with a credit card or debit card.
How to buy cryptos using a bank card?
The process is quite simple and takes a few minutes.
- Go to the home page and select USD or EUR on the left (you have) and the crypto you want to buy on the right.
- Carefully check the rate and the amount you are going to receive.
- Specify your BTC or other cryptocurrency wallet address.
- Once again, check all the payment details, especially the estimated amount you will receive. Go to the next step only if the exchange rate shown is acceptable for you.
- Your transaction has been created. At this point you may see requirements and limits on buying. These are applied only for the for first several transactions via bank card. Once you’ve read them, click ‘Pay with Mastercard/Visa’. Card processing is made possible by our partners, Indacoin Limited, headquartered in London.
- Now you’ll be offered to enter your bank card data. Remember that your card should support 3D-secure (verification by phone number).
- Enter a valid phone number associated with your card.
- You should promptly receive a phone call. You’ll hear a digital code to enter.
- Now go to your online bank app and find the bank statement with a three-digit code to specify. It should look like this:
- If you can’t find the code for some reason, there is an alternative option to record your voice saying ‘Indacoin verification’ and send a picture of yourself and your passport.
- Once you’ve entered the code or sent your data, wait while your transaction is processed. Within 5-30 minutes, your transaction will be complete and your will receive your cryptocurrency and transaction receipt.
So if you have Altcoins to exchange, why not give Changelly a chance?
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